NEW DELHI: Kushal Pal Singh, the chairman of India's largest real estate firm, DLF
Speaking at the company's 47th annual general meeting,complained that
the slow decision making process of goverment is resulting in delays in
vitally needed policy formulations. The billionare industrialist
complained and warned that the current policy paralysis has had an adverse impact on the country's growth momentum denting business confidence
Singh called for "crucial changes in policy approaches aimed at providing easier access to capital at substantially lower interest costs and creating an investor-friendly atmosphere in the urban development and housing sector."
Unlocking the potential of the housing and construction sector is one of the key revival tools, he added. He said that the country's policymakers, bureaucrats and the judiciary have been somewhat apprehensive about the role of the private sector developers in the sphere of housing and real estate development
The ground reality ,his complaint,is that there are serious shortfalls in providing adequate urban infrastructure."The cost of not paying attention to our cities is enormous.The policy vaccum is leading to worsening urban decay and gridlock,a declining quality of life for citizens and a growing reluctance among investors to commit resources to india;s urban centers"complained singh.
Singh called for "crucial changes in policy approaches aimed at providing easier access to capital at substantially lower interest costs and creating an investor-friendly atmosphere in the urban development and housing sector."
Unlocking the potential of the housing and construction sector is one of the key revival tools, he added. He said that the country's policymakers, bureaucrats and the judiciary have been somewhat apprehensive about the role of the private sector developers in the sphere of housing and real estate development
The ground reality ,his complaint,is that there are serious shortfalls in providing adequate urban infrastructure."The cost of not paying attention to our cities is enormous.The policy vaccum is leading to worsening urban decay and gridlock,a declining quality of life for citizens and a growing reluctance among investors to commit resources to india;s urban centers"complained singh.
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